Narrow-scope amendments to IAS 27 proposed by the IASB would allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate (parent-only) financial statements.
Progress toward a converged financial reporting standard for revenue recognition continued Wednesday when the International Accounting Standards Board (IASB) indicated its intention to approve the standard.
New rules released by the International Accounting Standards Board (IASB) are designed to improve how hedge accounting activities are reflected in financial statements.
Companies need to move quickly, experts say, to consider how they will be affected by the new revenue recognition standard under development by FASB and the International Accounting Standards Board.
A financial reporting standard designed to increase global comparability of one of the most important items in financial statements is nearing completion after an important vote.
CFOs and finance departments may want to undergo a careful evaluation of their financial reporting systems and processes, experts say, now that the US Securities and Exchange Commission (SEC) is ramping up its scrutiny of accounting and auditing.
The US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) made a significant change in a major project by adding a collectibility threshold to the converged financial reporting standard they are developing for revenue recognition.
Disclosures in financial reports should be relevant, organized for ease of use by investors and avoid boilerplate language, according to a series of calls to action from the UK Financial Reporting Council.
An American Institute of CPAs committee has suggested that the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) create a dividing line between Type A and Type B leases that is different from the line the boards proposed.
Investment professionals are hungry for international convergence of financial reporting standards for estimating credit losses, but they are divided on the best method for reporting, according to a new global survey.
The economics of cellphone towers was cited as one of the many challenges the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board are encountering as they attempt to build one, converged, principles-based financial reporting model for leases.
A rule proposed by the US Securities and Exchange Commission (SEC) would require US public companies to disclose the ratio between what companies pay their chief executives and their median employee.
A converged proposal on financial reporting for leases by the IASB and FASB that calls for such a change has encountered resistance from some businesses in the United States.
The converged proposal on financial reporting for leases continues to face resistance with the deadline for comment letters little more than one week away.
The US Public Company Accounting Oversight Board (PCAOB) on Tuesday proposed sweeping changes to the auditor’s reporting model for US public companies that would include a requirement for auditors to identify and describe “critical audit matters”.
